Dubai land regulator teams up with crypto watchdog to drive real estate tokenization | Headlines | News | CoinMarketCap
04/07/2025 17:47
Dubai’s real estate and crypto regulators have signed a cooperation deal to explore tokenisation in property registration and management. Dubai’s …
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Dubai
Published on April 07, 2025 10:29 GMT+00:00edited on April 07, 2025 10:34 GMT+00:00
Dubai’s real estate and crypto regulators have signed a cooperation deal to explore tokenisation in property registration and management.
Dubai’s land and virtual assets regulators have signed a new agreement to support real estate tokenization and improve rules around the use of cryptocurrencies in property transactions, following the launch of a pilot aimed at linking property tokenization with the real estate registry.
In a press release on Sunday, the Dubai Land Department said it signed the deal with the Dubai Virtual Assets Regulatory Authority in a bid to connect real estate registration with tokenization using a governance system that “enhances market liquidity and improves the efficiency of property management companies.”
Officials say the plan could make it easier for small …